Specifications include, but are not limited to: The Actuarial Services contemplated by this RFP include: a) Analyze and present written findings regarding the reasonableness of the Delaware Workers Compensation’s overall state-wide residual market rate change and overall state-wide voluntary market loss cost change filed by the DCRB. b) With respect to its written findings, the selected Vendor shall: • Independently calculate the indicated changes in residual market rates and voluntary market loss costs; • Explain the derivation of its indicated rate and the differences between rate changes and those filed by the DCRB or by any other actuary reviewing the DCRB Filing; • If needed, assist in creating a request for supplemental information related to the DCRB Filing; • Independently review the medical and indemnity cost data underlying the DCRB Filing; • Participate in three, two hour public information sessions; and • Provide supplemental reports or analyses as required by the DOI in consideration of additional charges approved in advance by the DOI. c) The selected Vendor shall present its written findings within 10 days following receipt of the DCRB Filing. d) The selected Vendor may testify at a public hearing related to the DCRB Filing if requested by the DOI.
